Thursday, March 31, 2011

Global gold production is expected to increase in the short-term, but it would then decline as fewer and fewer large discoveries were being made, precious metals consultancy firm GFMS World Gold MD Paul Burton said on Wednesday.

Mongolia hasn’t yet decided which of six foreign groups should develop Tavan Tolgoi, one of the world’s largest untapped coal deposits, an official said, refuting a report which said the shortlist was cut to three.

The Obama administration has held informal talks with Mongolia about the possibility that the Central Asian nation might host an international repository for its region's spent nuclear fuel, a senior U.S. diplomat said yesterday.

Wednesday, March 30, 2011

Ivanhoe Mines Ltd The massive project, which Ivanhoe is being developing in partnership with Anglo-Australian miner Rio Tinto (RIO.AX) (RIO.L), is expected to begin commercial production in the first half of 2013.

China, the world’s biggest user and producer of coal, may face a shortfall of 56 million tonnes of coking coal this year, the China Securities Journal reported on Tuesday, pushing Chinese steel mills to look further afield to make up the supply gap.

An NGO, Human Resource Development in Mining, and the Union of Professional Human Resource Managers will jointly hold a meeting on how to utilize human qualities to their maximum at the State Academic Theater of Drama at 9.30 am on April 7.

Green Technology Solutions Inc. (OTCQB:GTSO) announced today that its rare earth mining joint venture in Mongolia plans to commit a sizeable portion of new product mined from its properties for export to Japan to assist in the country’s earthquake and tsunami recovery efforts.

Mongolian Mining Corporation, Mongolia's largest producer and exporter of high-quality coking coal, has announced that in 2010 it increased its coal production volume by 114 percent year on year to approximately 3.9 million mt.

Some 500 herders from six Central aimags, agriculture specialists and officials of the Office of the President, Parliament, the Standing Committees, the Government and the local administrations are attending a state conference on the progress of the Mongol Livestock program and development of the countryside at Government House today.

Latvian chocolate and sweets producer Laima has begun to export its products to Mongolia. The company has already signed the agreement and sent the first 15 tons of its products, as the company informed the business information portal Nozare.lv.

TORONTO, ONTARIO--(Marketwire - March 29, 2011) - Denison Mines Corp. (TSX:DML)(NYSE Amex:DNN) ("Denison" or the "Company") today announced that it has filed its 2010 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC).

At present estimates, the mines of Erdenet Mining Corporation have deposits for 40 years, if the current rate of lifting 25.5 million tons of ore annually remains constant. Erdenet exports copper and molybdenum concentrate.

Prime Ministers S.Batbold and Kim Hwang-sik followed up their conversation without aides with official talks where the Mongolian side included Minister for Foreign Affairs and Trade G.Zandanshatar, for Road, Transportation and Urban Development Kh.Battulga, for Health S.Lambaa, and for Education, Culture and Science Yo.Otgonbayar, as well as Deputy Speaker G.Batkhuu and the Ambassador to South Korea, D.Gerel.

Prime Minister S.Batbold’s concluding engagement in South Korea was joining his counterpart Kim Hwang-sik and other leaders to attend a Mongolian cultural performance named Country of Blue Sky at the National Theater in Seoul on March 25.

A Mongolian team headed by Minister for Mineral Resources and Energy D.Zorigt paid an official visit to Germany between March 23 and 27 on an invitation by the German Minister for Economic Cooperation and Development, Dirk Niebel. Minister for Defense L.Bold and MP and Chief of the Mongolian-German Parliamentary group, D.Terbishdagva, accompanied Minister Zorigt.

Global No. 1 copper producer Chile’s Codelco said Friday its 2010 output dipped but should be steady this year, and expects strong Chinese demand, Japan’s recovery after a natural disaster, as well as new uses to stoke demand.

SEOUL, March 25 (Yonhap) -- Mongolian prime minister on Friday condemned North Korea for its deadly attack on a South Korean warship and vowed to make efforts to enhance peace on the divided Korean Peninsula.

You, I, state high officials and everyone have same rights. Everyone believes that court obeys these rules but lately court’s sensational decisions on high officials’ cases are looking more like political revenge.

Ulaanbaatar, Mongolia, /MONTSAME/ A “Tourism and competitiveness-2011” national consultative meeting will run March 28 at Mongolia's Chamber of commerce and industry under the auspices of Mongolia's Prime Minister.

Ulaanbaatar, Mongolia, /MONTSAME/ A council at the Parliament Speaker discussed Thursday issues of setting an order of agendas to be considered at the regular parliamentary session of 2011, and of intensifying the preparation for the session.

Less than a week after announcing a letter of intent to help develop a third new rare earth mining property in Mongolia, the joint venture formed by Green Technology Solutions Inc. (OTCQB:GTSO) and Rare Earth Exporters of Mongolia (REE) today disclosed a fourth site.

Prime ministers and foreign ministers of South Korea and Mongolia held talks here Thursday, discussing how to improve their economic ties and better cooperate in easing tensions on the peninsula, the Seoul government said.

Thursday, March 24, 2011

A meeting at the Ministry of Health on Tuesday adopted the activity plan for a year-long project against spread of contagious diseases as a result of climate change, to be jointly financed by The World Health Organization and KOIKA of South Korea.

Mongol Bank Vice President N.Zoljargal and Director of Foreign Currency R.Delgermaa told a press conference today that inflation has been falling a little and stood at 11% at the end of February in Ulaanbaatar.

Copper and iron ore prices should remain high in the near future because of additional demand for reconstruction in Japan after a devastating earthquake and tsunami, Ivanhoe Mines Ltd Chief Executive Robert Friedland said.

Ulaanbaatar, Mongolia, /MONTSAME/ A Minister of social welfare and labour, T.Gandi is working in Republic of Korea to re-establish the mutual understanding memorandum on "Sending the labour force to S.Korea according to consent to work".

Ulaanbaatar, Mongolia, /MONTSAME/ A council of the Minister of Finance has held a meeting with a participation of the Vice Minister of Finance, State Secretary of Finance Ministry, heads of the Bank of Mongolia, National Development and Innovation Committee, General Customs Authority, Tax Administration, Financial Regulatory Committee, National Chamber of Commerce and Industry.

March 23 -- China Shenhua Energy (601088) will cooperate with Japan's Mitsui, to enter the bidding for the west section of the Tavan Tolgoi Tsankhi coal mine in Mongolia, reports 21CBH, citing a company filing.

Prophecy Resource Corp (CVE:PCY)(OTCQX:PRPCF) said Wednesday that it anticipates exporting approximately 520,000 tons of coal in 2011 from its Ulaan Ovoo mine in Mongolia, which was fully commissioned last November.

At the cabinet meeting held on March 16, government members got au fait with the process of amending the Investment Agreement signed by Government of Mongolia and Ivanhoe Mines Mongolia, Inc, Ivanhoe Mines Limited, and Rio Tinto International Holdings Limited.

JAPAN’S nuclear crisis has prompted Russia’s state-owned Rosatom Corporation to slash its planned takeover of uranium miner Mantra Resources by more than 12 per cent, casting doubt on how other uranium takeovers will be valued. Rosatom’s ARMZ Uranium Holding Company last week withdrew its $8-a-share offer, following a cooling in investor appetite for uranium stocks as a result of the Fukushima crisis.

A Mongolian man was launched into space for the first time on March 22, 1981. Citizen of Mongolia Gurragchaa Jugderdemid and Vladimir Janibekov of the USSR were launched to space from Baikonur space site in a Soyuz-39 spaceship.

RIO Tinto chief executive Tom Albanese has warned the development of new global resource projects is slowing because of increased government intervention and greater “stakeholder activism” that is halting supply to world markets.

American conductor and musicologist Jindong Cai is now in Mongolia at the invitation of the Director of the State Opera and Ballet Theater to conduct Bizet’s Carmen on March 26 and Tchaikovski’s Swan Lake on March 27.

Tuesday, March 22, 2011

Bangkok - Mongolia needs to invest about 1 billion dollars in the Tuul River ecosystem and improve its national water management if its population is to have access to clean water, a United Nations report warned Tuesday.

Calgary, Alberta CANADA, March 21, 2011 /FSC/ - Mongolia Growth Group Ltd. (YAK - CNSX), ("MGG" or "The Company") is pleased to announce a non-brokered "commercially reasonable efforts" private placement offering ("Offering") of common shares ("Common Shares") to raise gross proceeds of up to CDN$ 10 million with a CDN$ 5 million overallotment for aggregate proceeds of up to CDN$ 15 million.

Mongolia is proposing to send 1,500 peacekeepers to Cote d'Ivoire, in what would be by far its largest troop contribution to an international mission (and, if we want to be cute about it, the largest troop deployment abroad since the days of the Mongol Empire).

SEOUL—South Korea announced a series of agreements and investments in Mongolian and Indonesian coal projects, following the Korean national oil company's $2 billion spending spree Monday on oil reserves in the U.S. and Kazakhstan.

Friday, March 18, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2011) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that Mr. Chuluunbaatar, President and Chairman of the Monnis Group of Companies, Mongolia ("Monnis") has been appointed to Prophecy's Board of Directors.

Chiang Mai (Mizzima) - The president of Mongolia, the first democratic state in Central Asia, has extended his support to Burma’s pro-democracy leader Aung San Suu Kyi in a telephone call, according to the US Campaign for Burma.

A Chinese military delegation led by Huang Hanbiao, vice commander of the Beijing Millitary Command of the Chinese People's Liberation Army, on Thursday attended celebrations for the 90th anniversary of the Mongolian Armed Forces.

(Source: Business Wire)Only a day after the addition of a new mining and exploration consultant to its rare earth mining team, Green Technology Solutions, Inc. (OTCQB: GTSO) revealed today that its Mongolian operation has grown by one more.

The first forum of Mongolian engineers is being held today at Government House. It has been organized jointly by the University of Agriculture, the National University of Mongolia, and the University of Science and Technology, with support from the Ministries of Food, Agriculture and Light Industry, and of Education, Culture and Science.

Ulaanbaatar, Mongolia, /MONTSAME/ On Wednesday, the cabinet meeting was introduced to a process of amending the investment agreement established between the government of Mongolia and the investors as “Ivanhoe Mines Mongolia Inc” LLC, the “Ivanhoe Mines Ltd” and “Rio Tinto International Holdings Ltd”.

As the threat of meltdown continues to escalate at several nuclear power plants in earthquake-ravaged Japan sending uranium stocks and spot prices lower on renewed concerns about nuclear energy, investors may be turning their interests toward more traditional forms of energy production, such as coal.

Accelerating to 60 kilometers per hour on a frozen lake in Mongolia is generally not a good idea. A light tap on the brake pedal, a quick swerve to avoid a mound of snow, and the Russian-made UAZ minivan starts spinning in circles, the driver struggling to regain control.

Where couch-surfing has become a modern phenomenon for the independent traveller, the only means of travelling across Mongolia traditionally involved its people providing food and shelter for complete strangers.

Wednesday, March 16, 2011

The head of the Standing Committee on Security and Foreign Policy, Ya.Batsuuri, today instructed the Nuclear Energy Authority to take all possible steps to prevent nuclear radiation from Japan damaging health and life in Mongolia.

Ulaanbaatar, Mongolia, /MONTSAME/ The ambassador extraordinary and plenipotentiary of Japan to Mongolia, Mr. Takuo Kidokoro and governors of Selenge, Khovd and Ovorkhangai aimags and of the city's Chingeltei district, D.Ganbold have signed four projects at the Embassy of Japan in UB city.

Ulaanbaatar, Mongolia /MONTSAME/ A head of the National statistical office, S.Mendsaikhan has received a representative of the UN Food and agriculture organization to China, Republic of Korea and Mongolia, Victoria Sekitoleko to exchange with her opinions on how to organize here a first agriculture census.

A fire and aftershocks struck the crippled Fukushima Dai-Ichi power plant today, as officials battling to prevent a nuclear meltdown said fuel rods at two reactors may have been damaged since last week’s record earthquake.

The story of Mongolia's resurgence is mouthwatering for investors for a very simple reason. Mongolia is rich in natural resources… and it sits next to the world's most voracious consumer of those resources, China.

Parliament Speaker D.Demberel is on a working visit to France. His first meeting there was with Senator and Chief of the French-Mongolian friendship group, Andre Vantomme, and with the head of a similar group in the Senate, Jan-Rene Leserf.

The Green Party Secretary, N.Narantsetseg, and the Chief of its Ulaanbaatar Council, Kh.Altantsatsral, yesterday complained under the Civil Law to the Sukhbaatar district court that MP and Leader of the Green Party, D.Enkhbat, had slandered Green Party members.

Ulaanbaatar, Mongolia, /MONTSAME/ The President Ts.Elbegdorj received Tuesday diplomatic credentials from Mrs. Marta Ortiz De Rosas, the ambassador of the United Mexican States to Mongolia; Hernan Brante--of the Republic of Chile; Mr. Bheki Winston Joshua Langa--of the Republic of South Africa; and from Mrs. Joyce Mwaka Chembe Musenge--of the Republic of Zambia.

TORONTO, ONTARIO--(Marketwire - 03/15/11) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML - News)(AMEX:DNN - News) is pleased to announce that it has closed its previously announced "bought deal" financing. Denison has sold to a syndicate of underwriters 18.3 million common shares at CDN$3.55 per common share to raise gross proceeds of CDN$64,965,000.

What do a Mongolian butcher, an alfalfa farmer in Peru and a carpenter in Lebanon have in common? They are recipients of Kiva microloans funded by enterprising students from the Kansas City Art Institute.

Tuesday, March 15, 2011

Ulaanbaatar, Mongolia, /MONTSAME/ An Economic Research Institute (ERI) has been founded at the School of Economics of Mongolia's State University (MSU) by the IRIS Center at the University of Maryland.

Ulaanbaatar, Mongolia, /MONTSAME/ The Japanese graphic adviser "Azusa Sekkei" and "Oriental Consultants” jointly partnership company have completed a graphic design for the project on erecting an airport in Khoshigtiin khondii, Sergelen soum, Tov aimag.

A regular Mongolia Economic Forum closed few days ago. There is almost no developing and democratic country in the world, except Argentina of President Perona’s time, who satisfactorily managed to use rich mineral resources to make the country develop properly.

TORONTO (miningweekly.com) – Ivanhoe Mines, which is developing the big Oyu Tolgoi copper/gold project in Mongolia, has found a new copper/molybdenum/gold zone on a property being explored in a joint venture (JV) with BHP Billiton, the firm said on Monday.

Regular readers will know that I take a jaundiced view of former British Prime Minister, Tony Blair. Of course he left office some time ago, and in normal circumstances this might preclude any necessity to write about him much.

Reporters Without Borders has carried out a new survey of online freedom of expression for World Day Against Cyber-Censorship on 12 March. “One in three of the world’s Internet users does not have access to an unrestricted Internet,” Reporters Without Borders secretary-general Jean-François Julliard said.

Reuters copper prices reached a new all time high of USD 10,190 per tonne in February and while they have since retreated as global demand worries dominate sentiment near term, tight supplies will limit declines.

Friday, March 11, 2011

In the first two months of 2011, Mongolia traded with 96 countries. Total external trade turnover reached 1031.5 million US dollars, of which exports made up 415.9 million US dollars and import 615.7 million US dollars.

TORONTO, ONTARIO -- (Marketwire) -- 03/10/11 -- Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE Amex:DNN) today reported its financial results for the three months and year ended December 31, 2010. All amounts in this release are in U.S. dollars unless otherwise indicated.

The Sukhbaatar District Court will begin hearing a case against the Government at 09.30 on March 15 for its alleged failure to implement, even after two years of its passing by Parliament, the law prohibiting mineral resources exploration and exploitation in river and forest basins.

The Director of the Architects’ Institute of Ulaanbaatar, Tsakhiur, today told a meeting of the Mayor’s Council about how the city can be developed as an international business center, favoring green tourism and ensuring better living conditions for its residents.

As the sex scandal involving South Korean diplomats and a Chinese woman expanded Thursday, it was reported that an ambassador to Mongolia resigned after having an extramarital affair with a Mongolian woman.

Mongolian operator Univision has signed a multi-year agreement with Turner Broadcasting System Asia Pacific under which some of the latter's premium channels will be added to its IPTV service, the country's first.